Prospects for International Cooperation of EAEU Countries on Export Development

The article discusses the issues of export development in the context of Eurasian economic integration. Achieving the goal of creating an effective system of division of labor and production cooperation within the EAEU is planned through the growth in the volume of trade turnover between Russia and...

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Bibliographic Details
Published in:IOP conference series. Materials Science and Engineering 2020-02, Vol.753 (8), p.82018
Main Authors: Trubitsyn, K V, Mitioglo, A A
Format: Article
Language:English
Subjects:
Cooperation
Exports
GDP
Gross Domestic Product
International cooperation
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Summary:The article discusses the issues of export development in the context of Eurasian economic integration. Achieving the goal of creating an effective system of division of labor and production cooperation within the EAEU is planned through the growth in the volume of trade turnover between Russia and the EAEU member states by 2024 by 1.5 times. Successful implementation of challenges of integration within the framework of the EAEU may provide a total supplementary GDP growth of the EAEU by 2030 by $ 210 billion on current basis. In order to achieve the predicted effects, the article includes an estimation of the trade turnover between the EAEU member states using the Tinbergen gravity model. An analysis of the results obtained makes it possible to conclude that the GDP growth of the EAEU member states will lead to an increase in exports of goods from Russia. The paper also presents the impact of gross domestic products of Russia and the EAEU Member States on the total value of the relevant exports.
ISSN:1757-8981
1757-899X
DOI:10.1088/1757-899X/753/8/082018